Properties

BELLEVUE TECHNOLOGY CENTER
NE 24th Street & 156th Avenue NE
Bellevue, WA 98008
Location

The property is located on the South East Corner of NE 24th Street and 156th Avenue NE in Bellevue, Washington.

Property Overview

Bellevue Technology Center (formerly QBE Corporate Campus) is a 326,384 square foot, nine-building, class A/B office campus in Bellevue, Washington. The property sits on 46 acres of land, includes a 576 unit underground parking garage, and is located half a mile south of Microsoft headquarters.

Bellevue Technology Center draws on its proximity to Microsoft, the aesthetics of its wooded campus, and the diverse functionality of its nine different buildings to attract institutional-quality tenants on a triple-net lease basis. The campus is currently in excellent condition, with no material capital requirements or deferred maintenance issues.

The Puget Sound Region is the one of the most dynamic real estate markets in the country. The office market benefits from supply constraints and strong employment growth, particularly in the high-tech sector. A diversified group of major employers, include Microsoft, Amazon.com, Boeing, Starbucks, Safeco, Nintendo, REI, PACCAR, Puget Sound Energy, and Weyerhaeuser.

Forbes recently released a study reporting that the Seattle area has seen the most growth in technology jobs in the country, with a 43% jump in high-tech employment in the past decade. In the past two years alone, the area has seen a 12% growth in the high-tech sector. These findings are supported by recent announcements that Amazon is hiring 1,000 new tech workers in Seattle and that Facebook and Google, among other big tech companies, are expanding their offices in the area. Additionally, independent economic research firm Policom Corp. released a study that named the Seattle-Tacoma-Bellevue Metropolitan Statistical Area as the 3rd strongest economy in the nation.

Property Highlights
  • 326,384 square feet
  • Nine-building office campus
  • Excellent Bellevue location
  • Located near major employers
  return


click thumbnail to expand view


For More Information
Asset Manager: Jeff Rader
Phone Number: 949-417-6500

CLICK HERE FOR COSTAR


Available Links
map this property >